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Verizon (VZ) to Introduce 5G Ultra Wideband in Pittsburgh

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Verizon Communications Inc. (VZ - Free Report) has stated that with the help of its 5G Ultra Wideband technology, it will deploy an Internet service for business and residential activities in Pittsburgh. Verizon’s Ultra-Wideband version of 5G is used more extensively throughout its natural 5G coverage footprint. It comprises a short-range millimeter wave spectrum. It is also prevalent in the low-band sub-6GHz spectrum. The service has an extensive reach in Pittsburgh and surrounding municipalities and neighborhoods.

Verizon’s 5G coverage and its new home and business service are on the same infrastructure. Verizon Fios uses in-ground fiber optic cables to establish an Internet connection.

Its Internet giveaway device can be installed without a technician and is also rent-free. Verizon is offering customers who subscribe to specific 5G data plans on its wireless network Verizon Home Internet, at only $25 per month.

Verizon, with the help of its On Site 5G, is providing the perfect mix of 5G Ultra Wideband and LTE facilities. This is a transformative, on-premises 5G network catering to business enterprises. The company is increasing the reach of its 5G Business Internet service to serve as a viable alternative to broadband cable.


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Verizon’s 5G network is based on three fundamental factors that will provide the full potential of next-generation wireless technology. These comprise the ability to deploy a large number of small cells, end-to-end deep fiber resources and huge spectrum holdings, especially on the millimeter-wave bands for quick data transfer. The company is witnessing increased use of its premium unlimited plans ad 5G devices because of consumer activities resuming to pre-pandemic levels and its operated retail stores being fully operational.

The stock has lost 21% in the past year compared with the industry’s decline of 18.9%. Verizon currently carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Vipshop Holdings Limited (VIPS - Free Report) is a better-ranked stock in the broader Zacks Computer and Technology sector, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 13.6%.

Vipshop delivered a trailing four-quarter earnings surprise of 10.5%, on average. It has lost 21.5 % in the past year.
Globant S.A. (GLOB - Free Report) sports a Zacks Rank #1. The consensus estimate for current-year earnings has been revised upward by 0.6% over the past seven days. Globant delivered a trailing four-quarter earnings surprise of 3.2%, on average. It has lost 33.7% in the past year.

Sanmina Corporation (SANM - Free Report) , sporting a Zacks Rank #1, is another solid pick for investors. The consensus estimate for Sanmina current-year earnings has been revised upward by 7.8% over the past seven days.

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